Insider Selling: National Bank Holdings Co. (NYSE:NBHC) Director Sells $441,800.00 in Stock

National Bank Holdings Co. (NYSE:NBHC) Director Ralph W. Clermont sold 10,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $44.18, for a total transaction of $441,800.00. Following the completion of the sale, the director now directly owns 66,653 shares of the company’s stock, valued at $2,944,729.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

National Bank Price Performance

NBHC stock opened at $43.48 on Friday. The firm’s 50-day moving average price is $40.94 and its two-hundred day moving average price is $37.00. National Bank Holdings Co. has a 12-month low of $28.38 and a 12-month high of $46.51. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.49 and a beta of 0.86. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). National Bank had a net margin of 21.40% and a return on equity of 10.44%. The firm had revenue of $99.31 million during the quarter, compared to analysts’ expectations of $102.96 million. During the same quarter in the previous year, the firm posted $0.85 EPS. National Bank’s revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts predict that National Bank Holdings Co. will post 2.99 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, August 30th. National Bank’s dividend payout ratio is currently 32.18%.

Analysts Set New Price Targets

NBHC has been the subject of several recent research reports. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Stephens boosted their price target on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price target on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $42.00 to $46.00 in a research note on Thursday, July 25th. Finally, DA Davidson boosted their price objective on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, National Bank currently has a consensus rating of “Hold” and an average target price of $46.40.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently modified their holdings of NBHC. Innealta Capital LLC purchased a new position in shares of National Bank during the second quarter valued at about $41,000. Meeder Asset Management Inc. purchased a new position in shares of National Bank during the second quarter valued at about $52,000. Quest Partners LLC purchased a new position in shares of National Bank during the fourth quarter valued at about $194,000. Choreo LLC purchased a new stake in National Bank in the second quarter worth about $209,000. Finally, ProShare Advisors LLC grew its holdings in National Bank by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 513 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.